For teams dealing with supplier invoices, daily issues come in the form of:

  • Time-consuming data entry
  • Misplaced documents
  • Delayed invoice authorisation
  • Inefficient filing systems
  • Expensive and non-secure document storage

V1 can work with you to develop a solution to meet your specific business requirements. In doing so we will streamline processes, improve access to information, reduce costs, enhance productivity and aid both compliance and corporate governance.

As an author of document management solutions since 1989, V1 works with global partners who work closely with you to automate your processes, eradicating issues such as:

  • Late payment penalties caused by inefficient invoice processes
  • Multiple payments of the same invoice
  • Missing documents
  • Keying errors
  • Time spent chasing authorisers
  • Missing early settlement opportunities

Making a tangible difference
to your business process

Our solutions focus on the following core areas

Document Archiving

Document Management in the Finance Function

Putting it into perspective

Analysts from Gartner report that typical invoice processing costs in the UK are between £4 and £25 per invoice, but in some cases are as high as £50.

Our data capture solution reduces the time taken to key invoice data by up to 80%. Our document archiving solution reduces filing and retrieval time by up to 95%. Our authorisation solution removes the need to send physical documents allowing a saving of approximately 60% per invoice.

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University of Bath Saves £25K and Speeds-up Processing of 60,000 Invoices per Year with V1 Integrated into UNIT4's Agresso Business World

The University of Bath, one of the UK’s leading universities, has saved £25,000 per year and is improving invoice processing efficiency as a result of implementing an intelligent data capture solution from V1. V1’s DbCapture system, which is tightly integrated into its Agresso Business World enterprise resource planning (ERP) system from UNIT4, is being used to process 60,000 supplier invoices each year.

Planning for Disaster and the Role of Document Management

UK businesses are still not sufficiently prepared for a disaster. Research indicates that companies’ claims of having a comprehensive Business Continuity Management (BCM) plan in place may be more ‘smoke and mirrors’ than anything else!

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At V1 we are committed to helping you streamline your business.

For more information on our solutions and how they could benefit your company, either call us directly, use the form or send us a quick email.

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